The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2025 is as follows:

Stockholders' Equity

Common stock, $5 par value; authorized, 2,000,000 shares;

issued, 600,000 shares $3,000,000

Paid-in capital in excess of par 850,000

Retained earnings 4,500,000

$8,350,000

The following events occurred during 2026:

1. Jan. 5 45,000 shares of authorized and unissued common stock were sold for $8 per share.

2. Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stock-holders of record on February 5.

3. Feb. 10 60,000 shares of authorized and unissued common stock were sold for $12 per share.

4. March 1 A 30% stock dividend was declared and issued. Fair value per share is currently $15.

5. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share.

6. July 1 A 15% stock dividend was declared and issued. Fair value is currently $10 per share.

7. Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.

Instructions

Record the journal entries for the events listed above. If no journal entry is required, record NO ENTRY.

PLEASE SHOW ALL WORK AND INDICATE CREDIT/DEBIT